Okay, let's have a look at
risk management in practice
And what I want to do
is to start with some basic concepts
then focus on two difficult areas
in the risk process
So, I guess if I asked you
to define the word 'risk'
you would have some ideas
of what it meant
We might not have a formal definition
that we could quote,
but we all have something in our minds
when we hear the word 'risk'
This is what we think,
and maybe you think of things like this
Maybe you feel like this little guy,
facing some big ugly challenge
that you know is just going to
squash you flat.
Maybe you feel like this guy.
This is a real job in North Korea,
and his job is to hold the target
for other people to shoot at
Sometimes project managers
have the target here
We feel like everybody is shooting at us
in our job
Or maybe you just know there's something
nasty out there, waiting to get you
And maybe that's what you think of
when you think of the word 'risk'
Well that's partly true
but it's not the whole truth.